Foundation One Bank Mortgage Rates, Fees & Info

WATERLOO, NE

LEI: 549300PGUFTU637ZN698

Tax ID: 47-0219890

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Foundation One Bank is a smaller bank specializing in Home Purchase and Refi loans. Foundation One Bank has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Steamboat Springs, Denver, Rockport, and Lincoln among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Foundation One Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    44

    Origination Dollar Volume (All Markets)

    $16,180,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 34 $10,790,000 $317,353 $0 0.00%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,340,000 $670,000 $0 0.00%
    Rockport, TX (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 3 $715,000 $238,333 $0 0.00%
    Outside of Metro Areas 1 $255,000 $255,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Foundation One Bank's top markets include Omaha, Steamboat Springs, Denver, Rockport, and Lincoln among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 44 $16,180,000 $367,727 $0 0.00%

    For 2023, Foundation One Bank's most frequently originated type of loan was Conventional, with 44 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $6,045,000 $287,857 $0 0.00%
    Refi 18 $9,330,000 $518,333 $0 0.00%
    Other 5 $805,000 $161,000 $0 0.00%

    For 2023, Foundation One Bank's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 44 $16,180,000 $367,727 $0 0.00%

    For 2023, Foundation One Bank's most frequently cited loan duration was Other, with 44 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 15 $3,835,000 $255,667 $0 0.00%
    $100,000 or less 8 $400,000 $50,000 $0 0.00%
    $100k-200k 8 $1,160,000 $145,000 $0 0.00%
    $600k-1MM 7 $4,775,000 $682,143 $0 0.00%
    $1MM+ 3 $4,535,000 $1,511,667 $0 0.00%
    $400k-600k 3 $1,475,000 $491,667 $0 0.00%

    2023 saw Foundation One Bank place emphasis on $200k-400k loans with 15 originations, totaling $3,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 8 $2,520,000 $315,000 $0 0.00%
    $50k-75k 6 $1,080,000 $180,000 $0 0.00%
    $100k-150k 5 $1,105,000 $221,000 $0 0.00%
    $250k+ 4 $2,290,000 $572,500 $0 0.00%
    $50k or less 4 $330,000 $82,500 $0 0.00%
    $75k-100k 2 $760,000 $380,000 $0 0.00%

    Foundation One Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $50k-75k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 44 $16,180,000 $367,727 $0 0.00%

    Foundation One Bank lent most frequently to those with DTI ratios of Exempt%, with 44 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $8,060,000 $268,667 $0 0.00%
    Not applicable 12 $7,550,000 $629,167 $0 0.00%
    Black 2 $570,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.00%

    Foundation One Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    88.64%

    Foundation One Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 44 $16,180,000 $367,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    44 $16,180,000 $367,727